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    200 Massachusetts Ave Portland, ME 04102

    For Sale
    $1,150,000

    MULTI_FAMILY - Portland, ME

    Property size:
    8,988 SF
    Lot size:
    0.13 Acres
    Days on Market:
    67
    Last Refresh:
    Dec 7 at 3:06 pm

    Property Features for 200 Massachusetts Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R5
    Rooms
    Bathroom 4, Bathroom 6, Bathroom 5, Bathroom 3, Bathroom 2, Bathroom 1, Basement
    Pets allowed
    No
    Basement
    Full, Unfinished
    Size
    8,988 SF
    Lot size
    0.13 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Baseboard
    Water source
    Public

    Building Details

    Year built
    1902
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Wood, Laminate
    Building materials
    Vinyl Siding, Wood Frame
    Roof type
    Flat

    EXP REALTY LLC (856) 207-1951 [email protected]

    Listing agent Shohreh Azadian (888) 439-8743

    Listing date Oct 2, 2025

    MLS# 1619450 Listing URL

    Copyright © 2025 Maine Real Estate Information System, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Multifamily Property in Portland

    This multifamily property in Portland, Maine, features three units with three bedrooms and two full bathrooms each, along with two bonus units. The property has undergone extensive renovations and is in impeccable condition. It offers income potential, with separate heating and electricity for each unit, and a shared laundry facility. The lot size is 0.13 acres, and the property size is 8,988 square feet. The zoning is R5.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Cumberland
    State
    Maine
    Longitude
    -70.287076
    Latitude
    43.663752

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    FAQs

    What type of property is this?
    Residential income property - Renovated five-unit property with income potential in Portland, Maine.
    Where is this residential income property located?
    The property is located at 200 Massachusetts Ave Portland, ME.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: - Turnkey property with great income potential.; - Five units: three units with **three bedrooms and two full bathrooms**, plus two bonus units.; - Extensive renovations, property is in impeccable condition.
    (888) 439-8743
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Massachusetts Ave Portland, ME 04102
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